The free port regime will provide new tax allowances for residents, including duty-free import of equipment, benefits aimed to promote tourism

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MOSCOW, July 4. /TASS/. Russian President Vladimir Putin signed amendments to the law on the territories of advanced development and the Free port of Vladivostok, approving the extension of the port’s borders to several more regions of Russia’s Far East.

The document was published on Monday at the government’s official portal of legal information. The State Duma and the Federation Council lower and upper chambers of the parliament approved it on June 24 and June 29 respectively.